B COMMUNICATIONS LTD. REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID PRICE REQUIREMENT
13 Mai 2020 - 10:05PM
B Communications Ltd. (NASDAQ and TASE: BCOM) (“BCOM” or the
“Company”), a holding company with a controlling interest in
Israel’s largest telecommunications provider, Bezeq, The Israel
Telecommunication Corporation Ltd. (TASE: BEZQ), announced today
that on May 13, 2020, BCOM received a notice from the Listing
Qualifications Department of The Nasdaq Stock Market (“Nasdaq”)
that BCOM has regained compliance with the $1 per share minimum bid
price requirement stated in Nasdaq Listing Rule 5450(a)(1) (the
“Minimum Bid Requirement”).
Nasdaq has confirmed that the closing bid price of the Company’s
ordinary shares was at least $1.00 for a minimum of ten consecutive
business days (from April 25, 2020 to May 12, 2020). Accordingly,
Nasdaq has confirmed that BCOM’s previous non-compliance with the
Minimum Bid Requirement is now a closed matter.
About B CommunicationsB Communications is an
Israeli corporation focused on the telecommunications industry. Its
shares are traded on the Nasdaq and the Tel-Aviv Stock Exchange
under the symbol BCOM. B Communications sole asset is its
controlling interest (approximately 26.34%) in Bezeq (TASE:BEZQ),
Israel’s leading telecommunications service provider. Established
in 1984, Bezeq has led Israel into the new era of communications,
based on the most advanced technologies and services. Bezeq and its
subsidiaries offer the full range of communications services
including domestic, international and cellular phone services;
broadband Internet, and other data communications; cloud and
digital services; satellite and Internet based multi-channel TV;
and corporate networks.
Media Contact
Yuval Snir
Investor Relations Manager
IL: +972-58-7004000
yuval@bcomm.co.il
B Communications (NASDAQ:BCOM)
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